Bitcoin

Bitcoin is the pioneer of blockchains and cryptocurrencies, introduced in a white paper released in 2008 by an apparently pseudonymous person or group of people known as Satoshi Nakamoto. The document described a peer-to-peer method of transferring money without the use of financial institutions. The cryptocurrency known as bitcoin or BTC debuted in 2009. Transactions are recorded on a public ledger (a blockchain) by entities known as miners who engage in process called proof-of-work. Miners are rewarded for doing that by getting newly minted bitcoin. Some proponents view BTC as an alternative to fiat currencies and a hedge against inflation. Bitcoin has inspired the creation of numerous other cryptocurrencies and blockchain projects.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person

Markets

Bitcoin Bulls Face Setback as Monthly Stochastic Indicator Turns Lower: Analyst

At the end of August, bitcoin confirmed an overbought downturn in its monthly stochastic, a signal that has previously marked market peaks.

By Omkar GodboleSep 5, 2023

The stochastic indicator is signaling a loss of upward momentum. (mark1657/Pixabay)

Markets

First Mover Americas: Bitcoin Hovers Below $26K; Stellar’s XLM Rallies

The latest price moves in crypto markets in context for Sept 4, 2023.

By Lyllah Ledesma, Omkar GodboleSep 4, 2023

Markets

Grayscale's Legal Win Versus SEC Makes Spot Bitcoin ETF Approval More Likely: JPMorgan

For the SEC to defend its denial of Grayscale’s proposal to convert GBTC into an ETF, it would have to withdraw its previous approval of futures-based bitcoin ETFs, which is unlikely, the report said.

By Will CannySep 4, 2023

Markets

Bitcoin's Use as Margin Collateral in Crypto Futures Trading Is Growing

Using BTC as collateral for a derivative is effectively a double whammy, according to analysts.

By Omkar GodboleSep 4, 2023

Podcasts

Featured Story | The Real Reasons the Grayscale Bitcoin ETF Decision Matters

By CoinDeskSep 3, 2023

Key Bitcoin Support Levels to Watch as Volatility Rises

Podcasts

CoinDesk Market Index Week in Review

By CoinDeskSep 2, 2023

Markets

Large Bitcoin Holders Accumulate $1.5B Worth of BTC as Price Wavers

The accumulation suggests optimism among large investors, IntoTheBlock’s head of research noted.

By Krisztian SandorSep 1, 2023

Podcasts

Crypto Update | SEC Delays Spot Bitcoin ETF Decision for All Applicants

By CoinDeskSep 1, 2023

Markets

First Mover Americas: SEC Delays Spot Bitcoin ETF Decision for All Applicants

The latest price moves in crypto markets in context for Sept 1, 2023.

By Lyllah Ledesma, Omkar GodboleSep 1, 2023

Markets

U.S. August Job Adds of 187K Vs Estimates for 170K; Unemployment Rate Rises to 3.8%

With spot bitcoin ETF aspirations sidelined after the SEC yesterday pushed off decisions on a raft of new applications, crypto bulls are hoping an employment slowdown and lower interest rates could provide a positive catalyst.

By Stephen AlpherSep 1, 2023

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